New Delhi, Dec. 5 -- Appreciating the decision of the RBI Monetary Policy Committee to reduce the repo rate, President of PHDCCI Rajeev Juneja said that the decision will "support the growth momentum" in the economy.
Juneja said, "This decision was made on the back of robust growth (real GDP growth at 8.2 per cent Q2FY26), buoyed by strong spending during the festive season, rationalisation of the goods and service tax (GST) rates, softer crude oil prices and benign inflation (headline inflation at 0.3 per cent in October 2025) to support the growth momentum."Consequently, the standing deposit facility (SDF) rate stands at 5 per cent, and the marginal standing facility rate and bank rate are at 5.50 per cent.
Moreover, enhanced consolidat...